NEW YORK ( TheStreet) -- HomeAway is a vacation travel site with a huge member base on multiple continents. Unlike most IPOs it has profits as well. HomeAway (which plans to trade under the symbol AWAY) controlled expenses, sought out key acquisitions and is focused on profits from travel-related services like insurance for property damage, credit card processing and travel insurance, adding those to the main revenue generator, the annual subscription fees from members.If you look at most recent IPOs, although there have been a few standouts, most have ended up trading below their initial offering prices within weeks of having gone public. Even the much-heralded Yoku.com (YOKU) recently traded almost all the way back to its IPO price after having almost tripled that value in the first six months. It has been that kind of market of late.
HomeAway IPO a Solid Choice
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